SAN FRANCISCO, CA -- (Marketwired) -- 05/29/15 -- Vista Partners announced today that it has initiated coverage on Nxt-ID, Inc. (NASDAQ: NXTD) ("the Company" or "NXT") based in Oxford, CT, with a twelve month price target of $7.50. Ross Silver, Principal Analyst at Vista Partners, stated, "NXT is an early stage technology company that is focused on products, solutions, and services that have a need for biometric secure access control. The company is focused on the growing m-commerce market, launching its innovative MobileBio® suite of biometric solutions that secure consumers' mobile platforms led by Wocket®; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required." Mr. Silver concludes, "Competitors in the digital wallet marketplace, many of which are holdings in the iShares U.S. Technology ETF (NYSE: IYW) include: Google (Google Wallet), Apple (Apple Pay), EBAY (Paypal) & LoopPay (acquired by Samsung in February 2015 for $250M+)."
About Vista Partners:
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking. Vista focuses on investing globally across all market sectors. Vista also provides investment considerations on publicly traded companies through a platform of stock research reports, newsletters, company specific webpages and daily commentary. The platform of products is meant to serve as potential tools for investors to learn about investment considerations. It is Vista's mission to provide investors with tools that may enable them to make profitable investment decisions with the goal to deliver investment considerations that outperform small, mid and large cap equity indexes.